Pepkor, Christo Wiese-backed, buys Retailability brands

Pepkor, Christo Wiese-backed, buys Retailability brands

Pepkor Group, the South African investment company linked to South African billionaire Christo Wiese, has finalized the acquisition of multiple fashion brands from Durban-based Retailability in a R1.7 billion ($98.2 million) cash transaction. The move strengthens Pepkor’s push into the adult clothing segment across Southern Africa.Acquisition expands Pepkor’s Southern Africa reachThe deal brings Legit, Style, Boardmans, Swagga, and Beaver Canoe …